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Banks and federally chartered trust and loan companies are required to transfer to the Bank of Canada all unclaimed bank balances maintained in Canada in Canadian currency that have been inactive for a period of 10 years.

Bank of Canada Interest Rate Announcement

OTTAWA – On Wednesday, 27 May 2015, the Bank of Canada will announce its decision on the target for the overnight rate. A press release will provide a brief explanation of the decision.

Time

10:00 (Eastern Time)

Lock-Up

At 09:00 (ET), journalists are invited to review the press release under embargo at the Bank’s head office in Ottawa. The embargo will be lifted at 10:00 (ET). Please use the entrance at 151 O’Connor Street and have your press card with you.

For security reasons, journalists wishing to attend must be accredited with the Canadian Parliamentary Press Gallery and must confirm their presence by calling Media Relations at 613 782-8782 before noon (ET) on Tuesday, 26 May 2015. Journalists who have not registered WILL NOT BE ADMITTED to the lock-up.